Overview

This volume analyses one of the most important and difficult macroeconomic questions at the beginning of the 21st century: how to overcome the growing threat to economic progress and political stability posed by negative aspects of globalization. Economic problems are becoming increasingly international, demanding action at the supranational level, yet the only effective institutional framework for dealing with them remains national. The essays make a contribution to a highly topical debate by integrating micro and macroeconomic analysis, covering a wide range of specific institutional and policy issues drawn from the experience of many countries all from the perspective of an academic economist with an unusually intimate knowledge of decisionmaking at the highest level.

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9780333772836

Table of Contents

Reviews

'This book is one of the most penetrating analyzes of the complex interplay of growing international economic interdependence, institutional dynamics and the changing domains of collective choice.' - Robert Scazzieri, University of Cambridge 'In this creative response to the large issues raised by globalization, Mica Panic combines broad experience in industry, government, the Bank of England and the United Nations with in-depth academic analysis. He is ideally placed to give both diagnosis and prescription and does so convincingly and in a style accessible to non-economists.' - Professor David Ford, University of Cambridge 'This is an impressive collection of essays. They are written in a non-technical way that makes them accessible to a fairly wide readership. They also deal with many important issues that the economics profession tends to ignore. Taken as a whole, they provide a coherent and unusual overview of the world economy and its modern evolution and operation. After reading this collection I felt that I had really learned something profound about the forces now shaping the world economy. As someone who is instinctively sceptical of international institutions and international economic regulations, as I read this book I found myself questioning some of my long-held beliefs.' - Robert Rowthorn, Professor of Economics, University of Cambridge 'Panic brings an expert economic practitioner's insight to bear on the pressing issues of the management of globalization, but carefully places his economic diagnosis in its necessary historical, political and institutional context.' - Professor Ian Clark, University of Wales Aberystwyth Globalization is a phenomenon of major contemporary importance. Panic has written an excellent and wide ranging book, covering all the important topics in a clear and comprehensible way. It deals with theory, and economic policy, and is soundly based on what is happening in the real world. It will be of use to experts, students of economics, and informed members of the general public.' - Lord Peston

'This book is one of the most penetrating analyzes of the complex interplay of growing international economic interdependence, institutional dynamics and the changing domains of collective choice.' - Robert Scazzieri, University of Cambridge 'In this creative response to the large issues raised by globalization, Mica Panic combines broad experience in industry, government, the Bank of England and the United Nations with in-depth academic analysis. He is ideally placed to give both diagnosis and prescription and does so convincingly and in a style accessible to non-economists.' - Professor David Ford, University of Cambridge 'This is an impressive collection of essays. They are written in a non-technical way that makes them accessible to a fairly wide readership. They also deal with many important issues that the economics profession tends to ignore. Taken as a whole, they provide a coherent and unusual overview of the world economy and its modern evolution and operation. After reading this collection I felt that I had really learned something profound about the forces now shaping the world economy. As someone who is instinctively sceptical of international institutions and international economic regulations, as I read this book I found myself questioning some of my long-held beliefs.' - Robert Rowthorn, Professor of Economics, University of Cambridge 'Panic brings an expert economic practitioner's insight to bear on the pressing issues of the management of globalization, but carefully places his economic diagnosis in its necessary historical, political and institutional context.' - Professor Ian Clark, University of Wales Aberystwyth Globalization is a phenomenon of major contemporary importance. Panic has written an excellent and wide ranging book, covering all the important topics in a clear and comprehensible way. It deals with theory, and economic policy, and is soundly based on what is happening in the real world. It will be of use to experts, students of economics, and informed members of the general public.' - Lord Peston

'This book is one of the most penetrating analyzes of the complex interplay of growing international economic interdependence, institutional dynamics and the changing domains of collective choice.' - Robert Scazzieri, University of Cambridge 'In this creative response to the large issues raised by globalization, Mica Panic combines broad experience in industry, government, the Bank of England and the United Nations with in-depth academic analysis. He is ideally placed to give both diagnosis and prescription and does so convincingly and in a style accessible to non-economists.' - Professor David Ford, University of Cambridge 'This is an impressive collection of essays. They are written in a non-technical way that makes them accessible to a fairly wide readership. They also deal with many important issues that the economics profession tends to ignore. Taken as a whole, they provide a coherent and unusual overview of the world economy and its modern evolution and operation. After reading this collection I felt that I had really learned something profound about the forces now shaping the world economy. As someone who is instinctively sceptical of international institutions and international economic regulations, as I read this book I found myself questioning some of my long-held beliefs.' - Robert Rowthorn, Professor of Economics, University of Cambridge 'Panic brings an expert economic practitioner's insight to bear on the pressing issues of the management of globalization, but carefully places his economic diagnosis in its necessary historical, political and institutional context.' - Professor Ian Clark, University of Wales Aberystwyth Globalization is a phenomenon of major contemporary importance. Panic has written an excellent and wide ranging book, covering all the important topics in a clear and comprehensible way. It deals with theory, and economic policy, and is soundly based on what is happening in the real world. It will be of use to experts, students of economics, and informed members of the general public.' - Lord Peston

Author Information

M. PANIC is a fellow of Selwyn College, University of Cambridge and Visiting Professor of International Economics at the University of Milan. Previous positions include posts in the Economic Department at Ford Motor Company (UK), as an Under-Secretary in the UK Government Economic Service and as Head of External Policy Division at the Bank of England. He has served on a number of international committees and is currently a member of the United Nations Committee for Development Policy. His publications include books and many articles on international economics, economic policy and industrial economics.

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